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, and the company warns a trade battle could cost the jobs of thousands of workers in the united states. but, as darren gersh reports, there is growing bipartisan agreement that this is the right time to get tough on chinese cyber-theft. >> reporter: in unusually blunt language the bipartisan leadership of the house committee warned u.s. companies not to buy their broadband networking equipment from z.t.e. and huawei. >> our advice to the private sector is this: your obligation is to consider larger data protection and national security implications of your business decisions and we would not advise doing business with these two companies. >> reporter: washington has become increasingly alarmed by cyber-security threats believed to have been launched from china. cyber theft of american trade secrets is estimated to cost hundreds of billions of dollars a year. >> if huawei wants to do business in the united states, then they've got to tell their government to stop cyber attacking the united states. >> reporter: huawei aggressively pushed back. the company says the intelligence committee provi
. what we've seen in the united states is oil production in the u.s. is increasing. but due to other factors around the world and the middle east we're still having higher prices and that's impacting the price of crude. at t momentrice of galine is below the psychologically important $4 a gallon at the pump in the u.s.. and as such the price of gasoline as a political issue might recede in the coming weeks. >> susie: actually some people are predicting that by the election prices at the pump will get down to $3. do you agree with that, and why will it drop so much? >> i agree the directionally prices will decline and that i think is the key point. i don't know if th will decline as much as $3. it's outside the control of the government. but what we're seeing is that demand for gasoline normally falls seasonly this time of year. and prices for gasoline are offset to decline. however heating oil prices, whether the demand is set to increase. we see prices for heating oil increasing. so it's a mixed bag. >> susie: tell us a little more about the heating oil, because a lot of people are
, corporations in the united states are in terrific shape, the united states continues to grow. the election is tightening up, which means anybody who is elected is likely to govern from the center, and attack the fiscal cliff. and so you have to say in a low return environment, shares of multinational companies with growing earnings and dividends are probably not a bad place to be. but you want to buy when the markets are down, not when they're up, and you want to sell low quality, buy high quality, and buy them on corrections, not after big moves. i would not be surprised if you have a little bit more of a correction right here. >> susie: so let's talk a little more about this correction. it feels like a correction. between what's going on with oil prices going lower, some of these earnings reports that we've been getting. so what are the risks ahead, and is this a buying opportunity? one strategist saying today that he's pretty upbeat because with central banks around the world pouring money into the financial system, it's kind of hard to see that the global economy will freeze up. so wha
. >> the united states foreclosures in general are looking better. month over month, year-over-year, we're down significantly, 16% i think year over year. but we're seeing a strong bifurcation along the lines of judicial versus nonjudicial states. >> explain to us, explain the difference and why that's important when it comes to fore-- foreclosure. >> the difference between those is in judicial states you require a judge in a courtroom to approve the foreclosure and of course the reason why you see the bottleneck there is in those states is because the of the delay and investigations in lawsuits, changes in the rules and procedures required to do those changes. the problem of course then is that in those states, florida, for example, we're seeing foreclosure goes up because they were backlogged for so long. so in florida foreclosures are up, 24%, year-over-year and 11 months of increases meaning this is not just a blip on the radar screen. >> this is a state in florida, where we are, where the economy comes together as a political issue, foreign affairs tonight obviously with the presidential d
markets. >> when they talk about weakness, the weakness is everywhere else but the united states, which highlights the united states possibly being the one beacon of hope. and that's where companies need to reinforce there strength in. >> reporter: companies are also trying to boost earnings by cutting costs and selling non- essential assets. others are using the weak quarter as an opportunity to clean up their balance sheets. >> everything but the kitchen sink. you are going to take every write-down, every mark down, everything that you can. ge it out ofhe way, so you ok better in the following quarter. >> reporter: but hopes are fading for a strong finish to the year. of the companies that have provided earnings guidance for the fourth quarter, 22 have been negative and only two have been positive. >> companies are already warning us not to expect too much from them for the fourth quarter. we've received the most negative guidance since we started collecting this data in history. >> reporter: the weak global economy isn't just bad news for big multinational firms; it is forcing many t
for to the being more vocal about the fiscal situation in the united states. and here at the are on the eve of the presidential election getting their voices heard, certainly. let's get going with tonight's "market focus." the major indices squeezed out some small gains after the sharp losses since late last week. the s&p 500 started strong with the market focused on the strong durable goods report for september and the drop in first time unemployment insurance filings last week. but those gains disappeared by noon eastern time; the index finished wi a small gain. trading volume was 695 million shares on the big board; 1.94 billion on the nasdaq, the energy sector led the way, up nine tenths of a percent. health care rebounded eight tenths of a percent. and helped by procter & gamble, the consumer staples sector gained six tenths of a percent. a pair of independent energy companies helped that sector, even though they both reported weaker than anticipated quarterly earnings. oil and natural gas producer eqt rallied 4.7%. while earngs came up short, oducti salesolum were up double digits. hi
message to the investing public both in the united states and around the world. in order to keep that positive sentiment flowing. the big board says it has seralarge generators keeping the lights on, and say they will be able to do that until power is restored to financial district. >> tom: the economic toll from hurricane sandy won't be known for quite a while, but already there are expectations the clean-up and rebuilding costs will surpass those from hurricanes irene and katrina. although there are countless businesses hurt, others could see a boost. erika miller reports. >> reporter: when you consider the massive amounts of flooding, downed trees, and damage to transportation networks, it could take days-- if not weeks, to tally up the financial costs from the storm. but already there are predictions sandy will be the most expensive clean-up in u.s. history. the most serious damage appears to be caused by flooding along the east coast. according to economic tracking firm i.h.s. global insight, property damage will likely surpass $20 billion. add to that as much as $30 billion
. virtually every single investor owns a utility across the koptdinental united states, and sntd extra lineman and crews to help restore people's power. you're right. we did talk with the president yesterday. he spentd about 40 minutes on the phone with all the ceos. he's very engageed in this. he's wanting to help. he know what is it takes, professional and trained linemen to restore the power, but knows the government has a lot of resources they can provide to help clear the way. and that would mean clearing streets of debris so crews can get to the job sites or helping to facilitate crews coming from across the country to get to the affected areas sooner. things of that sort. >> tom: tomorrow, we victim more with lewis hay on paying for the rates and the nation's power infrastructure. >> resources they have and didn't have. there were technical issues. they were resolved very quickly. order flow was pretty good. you probably saw the volume was on the light side. but for all practical purposes, you know, it was business as usual. and things got up and running. very impressive what the new yo
election are receding as the storm heads north and away from the united states. the storm hit new jersey hard, but the state makes it easy to vote early by mail, and that makes it unlikely the storm will keep many from sending in their ballots. new york does not offer early voting, giving officials there time to recover by election day. in the key swing state of virginia, election offices in 55 counties were up and running today. just nine remain closed and those are expected to reopen soon. the vginia secretary of state has asked local elecon officials to extend absentee voting hours through saturday. sandy has not disrupted early voting in ohio, a state expected to prove decisive in the election. but if you need a daily fix of polling data, you are in for a letdown. millions of voters along the mid-atlantic and northeast are in cleanup and recovery mode, and pollsters know the last thing they'll be thinking about is answering a call about the election. gallup is suspending it's daily tracking poll, and others say it will be difficult to reach a representative sample of voters needed to
? >> new yorkers, like people all over the united states bought shares in mortgage backed securities, pension funds invested in them. people bought homes baseed on what they thought was the realistic value of the housing market. we've learned that the housing bubble, sxlt mortgage backed securities bubble were created, in part, by some pretty flamboyant types of misconduct n. this action which we filed yesterday against j.p. morgan chase really for the activities of bear sterns and companies they purchased later is one of the most flamboyant examples of fraud we've seen in this area. this involved a scheme from 2005 to 2007, and it's not a case as many have been, about one deal or 5 deals. it's the entire force of business. essentially the core promise they made to investment oshz was that they could buy the mortgage backed securities because they had rigorous systems in place to check on the quality of the loans. >> tom: you've called this systemic fraud. what about the originators of the original mortgages. bear stearns was packing them in securities but others were giving out the
to be a good investment. we'll unleash the power of the energy complex of the united states, become energy independence. there will be a lot of winners in the energy complex f there is a change in administration. >> real quickly, jobs was another big topic last night. we have the jobs report coming out tomorrow. it is expected the unemployment rate is going to go a little bit over 8%. what impact will that have on our markets tomorrow and on the election? >> it's amazing this is probably one of the last ones we get to focus on before election. there will be one more before november 2 but as we look at tomorrow's jobs reports it could go either way it is hard for this no to-- number to disappoint the market because we already have monetary policies, i think an upside number would be better for the president, the downside better for the challenger. so we will keep a close eye on that. >> susie: all right that number comes out at 8:30 eastern time tomorrow morning. we'll see what happens. art hoggan, managing director and strategist at lazard capital managements >> reporter: i'm erika miller
Search Results 0 to 49 of about 70 (some duplicates have been removed)